The San Carlos Real Estate Week in Review: 5/8/10

Inventory Analysis

If there are any doubts remaining about the San Carlos real estate market finding a “bottom”, take a peek below at the homes that closed escrow this past week.  Of the 7 homes that sold, 6 were at or above list price.   Also, all of the homes that went pending this past week were on the market for less than a month.    So things are selling, and multiple offers are almost becoming the norm again for many of these homes.

Looking at homes in San Carlos this weekend?  Check this out — for a complete list of which homes will be open this weekend in San Carlos, just click here: San Carlos Open House Page.  It's updated continuously, so be sure to check back often.

Here's a snapshot of the San Carlos single family home market, as of 5/8. The previous week's stats are in parentheses:

Price Range	Active	Pending	Ratio
< $1M	29 (33)	21 (23)	1.4 : 1 (1.4 : 1)
$1M –$1.5M	17 (17)	10 (10)	1.7 : 1 (1.7 : 1)
>$1.5M	9 (9)	6 (5)	1.5 : 1 (2.5 : 1)
Total	55 (59)	37 (38)	1.5 : 1 (1.6 : 1)

Single-Family Homes Sold in San Carlos:

Below are the single-family homes that sold this past week in San Carlos. Click on the respective addresses to get all the details.

2529 Graceland Avenue

• Pictured: Sale Price: $1,500,000. Original List Price: $1,395,000. Difference: $105,000 (7.5%) above original list. Sold in 10 days. MLS# 81013522, listed by Janet Davis of Hometown Realty.

115 Northam Avenue

• Sale Price: $950,000. Same as original list. Sold off-market in 0 days. MLS# 81021305, listed by Leila Sisneros of RE/MAX Today.

724 Tamarack Avenue

• Sale Price: $875,000. Original List Price: $868,000. Difference: $7,000 (0.8%) above original list. Sold in 38 days. MLS# 81002018, listed by David Young of Coldwell Banker.

1225 Highland Court

• Sale Price: $861,500. Original List Price: $849,888. Difference: $11,612 (1.4%) above original list. Sold in 16 days. MLS# 81012851, listed by Debbie Wong of Prudential California Realty.

153 Park Avenue

• Sale Price: $855,000. Original List Price: $799,900. Difference: $55,510 (6.9%) above original list. Sold in 8 days. MLS# 81010470, listed by Dee Edmonds of Coldwell Banker.

2102 Saint Francis Way

• Sale Price: $825,000. Original List Price: $825,000. Difference: $0 (0%) above original list. Sold in 10 days. MLS# 81014636, listed by David Young of Coldwell Banker.

216 Highland Avenue

• Sale Price: $815,000. Original List Price: $949,949. Difference: $134,949 (14.2%) below original list. Sold in 62 days. MLS# 81003128, listed by Donna Marie Baldwin of Coldwell Banker.

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Single-Family Homes Pending Sale in San Carlos:

The following homes went “Pending Sale” this week — click on the address for more info:

• 2694 Thornhill Drive, after 27 days on the market.
• 113 Arundel Road, after 17 days.
• 234 Sycamore Street, 3 days.
• 54 Plymouth Avenue, 7 days with multiple offers.
• 2030 San Carlos Avenue, 18 days.
• 3342 Melendy Drive, 7 days.
• 820 Sunset Drive, 30 days
• 109 Plymouth Avenue, 10 days.

New Single-Family Home Listings in San Carlos:

Below are the new listings that hit the market this past week in San Carlos. Simply click on the address of each home to get all the details.

815 Buckland Avenue

• Pictured: $1,285,000 — 4BR/3.5BA, 2,450 sq ft on a 8,100 square foot lot. MLS# 81022756. Listed by Jim Minkey of RE/MAX Today.

898 Orange Avenue

• $799,000 — 3BR/2BA, 1,240 sq ft on a 5,100 square foot lot. MLS# 81022256. Listed by Nancy Carlucci of Marshall Realty.

950 Elm Street

• $799,000 — 2BR/1.5BA, 1,500 sq ft on a 6,000 square foot lot. MLS# 81022667. Listed by Trish Ward of Intero Real Estate Services.

234 Sycamore Street

• $699,500 — 2BR/1BA, 1,030 sq ft on a 7,000 square foot lot. MLS# 81020254. Listed by Mark Scafine of SC Properties.  Already pending sale!

 

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(The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week.)

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